Sanco-Sword

Oslo-listed Dolphin Geophysical has said today that it has received a notice of time charter termination from Sanco Shipping for the two seismic vessels Sanco Swift and Sanco Sword. Dolphin said it is “evaluating the validity and effect of the notice in respect to the present difficult market situation” in a statement today.

Oslo: Dolphin Group has said it has just mobilised offshore Myanmar the ‘world’s largest floating object’ by deploying a seismic spread of 12 streamers, 7,050m in length with 150mstreamer separation. Dolphin was awarded the contract in February by Ophir Energy, and is conducting 3D data acquisition and processing of a 10,000 sq km area. The setup has a moving width of 1,850m and the seismic spread covers a total area of around 12 sq km. Bjarne Stavenes, vp technical of Dolphin Group, commented: “After a swift mobilisation, Dolphin’s Sanco Sword is now in steady production with acquisition of about 150 sq km in a single day. This is believed to be a world record for our industry and we expect Sword to become the benchmark vessel when it comes to productivity going forward”. Source: Splash 24/7

Dolphin Geophysical received confirmation today from the Export Control Division of the Norwegian Foreign Department that the recently announced seismic contract in the Kara Sea is not subject to the current trade restrictive measures against Russia. Atle Jacobsen, Dolphin CEO, quoted; “Dolphin is extremely appreciative of the prompt reply and clear guidance from the Norwegian Authorities on this difficult matter. This ruling paves the way for us to continue to provide our powerful solutions to the increasingly important high-end Russian marine seismic market”. On 5 September, Dolphin was awarded a 3-month contract to conduct 3D seismic survey operations in the Kara Sea utilizing a 16-streamer wide tow array.